Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, trends and opportunities.
Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.
MMC pulls ahead in broker rankings but Aon + WTW could take top spot
3rd July 2020
Marsh & McLennan Companies (MMC) has extended its lead in the rankings of The Top 20 Global Insurance and Reinsurance Broking Groups, although a combined Aon and Willis Towers Watson (WTW) could claim the number one spot. As shown by our directory of the Top 20 Global Insurance & ... Read the full article
Reduced capacity boosts reinsurance pricing at US renewals: Willis Re
2nd July 2020
Reduced capacity helped reinsurers at the June and July US property renewals to control market dynamics and achieve significant rate increases, according to the Willis Re 1st View report. In Florida, new capacity proved difficult to acquire at June 1, which led to noteworthy premium increases and an average rate increase ... Read the full article
SRG to acquire Insolvency Risk Services from MS Amlin
2nd July 2020
Specialist insurance broker SRG has announced that it plans to acquire Insolvency Risk Services (IRS), a division of MS Amlin that provides insurance services for companies in administration. The transaction will mark the return of IRS to the insurance broking world after several years as a division of MS Amlin. “We are ... Read the full article
Lockton Re recruits Anthony Izzo from TransRe
2nd July 2020
Lockton Re, the reinsurance business of insurance broker Lockton, has announced the addition of Senior Broker Anthony Izzo to its New York office. Izzo arrives from TransRe, where he spent five years as a Senior Vice President of Casualty. Prior to TransRe, he held various senior roles at Willis, Guy Carpenter and ... Read the full article
BBH Capital acquires Sunstar Insurance Group
2nd July 2020
BBH Capital Partners (BBHCP) has acquired a majority stake in regional US insurance broker Sunstar Insurance Group. While terms of the transaction were not disclosed, it has been confirmed that Sunstar management and key employees will remain significant shareholders alongside BBHCP. The transaction with BBHCP provides Sunstar with additional capital to maintain ... Read the full article
Capsicum Re helps Arch secure additional mortgage reinsurance
2nd July 2020
Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has secured $528 million of indemnity reinsurance via a mortgage insurance-linked note (ILN) transaction and direct reinsurance. The $528 million of mortgage reinsurance covers a pool representing around $44 billion of mortgages for Arch MI, and ... Read the full article
TigerRisk hires Francis Paszylk to lead London casualty
2nd July 2020
Insurance and reinsurance brokerage TigerRisk Partners has announced the appointment of Francis Paszylk as partner and head of its London casualty practice. Paszylk has 30 years’ experience in the casualty treaty and retro markets handling a range of long-tailed products for the US and international markets. He joins TigerRisk from Aon, and ... Read the full article
Sompo GRS launches new European team
1st July 2020
Sompo Global Risk Solutions (GRS), a specialty property and casualty re/insurer and part of Sompo International, has formed a new London-based team designed to serve the European market through retail brokers. Sompo GRS Europe builds on Sompo International’s existing London Market and SIIE European platform business. The move is also intended to ... Read the full article
Oliver Denbigh joins TigerRisk’s London Retro practice
1st July 2020
TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced the appointment of Oliver Denbigh as partner to its London Retro unit, reporting to Alex Bridges, Global Head of Retro. Denbigh joins TigerRisk from global insurance and reinsurance broker Aon, where he served as a Senior Broker ... Read the full article
Lockton names WTW’s José Otávio as CEO of Brazil operations
1st July 2020
Global insurance and reinsurance broker Lockton has appointed José Otávio De Albuquerque Sampaio as Chief Executive Officer (CEO) of its Brazil operations. José Otávio takes over as CEO of Brazil at Lockton from Tony Gusmao, who has led the division for the past seven years and whose departure and relocation to ... Read the full article
Rate rises persist as replenished capital supports mid-year renewals: Willis Re
1st July 2020
Rate inadequacy continued to drive measured rate adjustments in many lines and geographies at the June and July reinsurance renewals, while primarily players were able to secure sufficient reinsurance capacity, reports Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW). The reinsurance broker reports that double-digit risk-adjusted reinsurance price ... Read the full article
Aon decides to end temporary COVID-19 salary reductions of up to 20%
30th June 2020
Aon, the global insurance and reinsurance broker, has made a decision to end the previously announced temporary salary reductions of up to 20%, effective July 1st, 2020 and to repay colleagues in full, plus 5% of the withheld amount. Towards the end of April, re/insurance broker Aon introduced a 20% ... Read the full article
Sandra Lee to join BMS from Aon to lead operations in Asia
30th June 2020
Independent specialist insurance and reinsurance broker, BMS Group, has named Sandra Lee as the Head of its operations in Asia, subject to regulatory approvals. Currently, Lee is based in Hong Kong and she is set to join BMS upon completion of her current contractual obligations with rival re/insurance brokerage Aon. Lee has ... Read the full article
Power sector facing workforce & supply chain challenges: WTW
26th June 2020
Pressures on workforce availability and maintaining supply chains arising from COVID-19 are proving challenging to the power sector, according to re/insurance broker Willis Towers Watson (WTW). In a new report, WTW highlighted key risks such as reduced electrical demands, moratoriums on construction projects, availability of personnel and travel restrictions which are ... Read the full article
RKH expands aviation team with 14 senior hires
26th June 2020
Specialty lines broker RKH Specialty has added 14 senior aviation experts in London and Colombia, as the company looks to build the largest independent logistics team. New hires in London include Alex Robinson as Divisional Director; Chris Vince as Divisional Director; Marcio Rosset as Divisional Director; David Clewley as Associate Director; ... Read the full article
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